U.S. Department of Education Fines Corinthian Colleges $30 million for Misrepresentation

The U.S. Department of Education took additional steps today to protect students and taxpayers and crack down on abuses within the for-profit sector by continuing its enforcement actions against Corinthian Colleges Inc. After a comprehensive review, the U.S. Department of Education has confirmed cases of misrepresentation of job placement rates to current and prospective students in Corinthian’s Heald College system. The Department found 947 misstated placement rates and informed the company it is being fined about $30 million.